Wall Street Letter VOL. XLV, NO. 36 - December 2013 - Page 17

DECEMBER 2013 NAME OF EXCHANGE SUMMARY OF CHANGE EFFECTIVE DATE NEW FEE CHANGED FROM Eliminates incremental Priority Customer complex ADV above 225,000 N/A $0.01 per contract rebate ($0.001 for mini options) for Select Symbols ex-SPY; $0.01 per contract rebate ($0.001 for mini options) for SPY; $0.01per contract rebate ($0.001 for mini options) for non-Select Symbols Immediately Replaced with new tier for Priority Customers with complex order ADV of 300,000 or more. Amends some rebates for responses to $0.15 per contract rebate if trading against Priority Customers in Select Symbols for standard options; $0.17 per contract rebate if trading against Preferenced Priority Customers in Select Symbols in standard options; $0.015 per contract rebate if trading against Priority Customers in Select Symbols in mini options $0.10 per contract rebate if trading against Priority Customers in Select Symbols for standard options; $0.12 per contract rebate if trading against Preferenced Priority Customers in Select Symbols in standard options; $0.010 per contract rebate if trading against Priority Customers in Select Symbols in mini options Immediately Intended to encourage partici- MIAX Options Establishes fees for additional limited service MEI ports $10 per month per additional limited service ports for each engine N/A Immediately Nasdaq Stock Market Amends NBBO setter incentive credits $0.0002 per share rebate $0.0005 per share rebate ($0.0002 per share rebate if volume requirements are not met) Nov. 1 EXPLANATION to the exchange. the limited service MEI ports to enhance connectivity for Market Makers. New rebate applies to all orders market maker MPID displaying at least one round lot and establishorder on the Nasdaq with the same price as an order posted on another trading center with a protected quotation. Intended to reduce costs in light of lower trading volumes. Amends rebates for Retail Member Organizations for retail orders executed against RPI orders providing price improvement or liquidity $0.0005 per share rebate if providing price improvement; $0.0010 per share rebate if providing liquidity $0.0025 per share rebate if providing price improvement; $0.0020 per share rebate to provide liquidity Nov. 1 Orders must provide price improvement compared to the NBBO. Amends level 2 professinoal subscriber fee $45 per month for Professional subscribers $40 per month for Professional subscribers Immediately Applies to any display usage based on direct or indirect access and for non-display usage based on pated enhancements for 2014. Establishes colocation fee for $1,500 one-time installation fee; $2,500 monthly fee N/A Jan. 13, 2014 Fees will be waived until effective date. $360 monthly per kW allocated $360 per month Nov. 12 Intended to capture fees for cabinets where power is not utilized (PNU) but that are still allocated some power capacity based on user specs, usually intended for future use. Also applies to NYSE MKT. connection New York Stock Exchange Establishes price for PNU cabinets DISCLAIMER: Most fee changes are effective upon filing. WSL notes fee highlights here, but additional changes may be made post publication. Please visit exchange websites for the latest fee changes. FOR FURTHER CHANGES AT EXCHANGES, visit www.wallstreetletter.com 17